Donald Trump’s battle to exert control over the Federal Reserve faces a key legal test today, with a governor of the central bank seeking a temporary block on his extraordinary attempt to fire her. Lisa Cook sued the US president on Thursday, with her lawyers describing his attempt to dismiss her as “unprecedented and illegal”, and based on “pretextual” allegations. …
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US trade gap skids to 2-year low; tariffs exert pressure on service sector – Reuters
US trade gap skids to 2-year low; tariffs exert pressure on service sector Reuters U.S. trade deficit hits a nearly 2-year low in June; China gap plunges CNBC U.S. Imports Slid in June on Higher Tariffs The New York Times US Trade Gap Narrows to Tightest Since 2023 on Drop in Imports Bloomberg.com Dow Jones Slips as Trade Deficit Slides to Multi-Year Low TipRanks Source …
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